It’s Better To Do Nothing Than Something You Do Not Understand
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 5 January 2020
⏱️ 26 minutes
🧾️ Download transcript
Summary
In this episode, Suze revisits whole life and variable life insurance and shares the story of a Women & Money listener who received bad financial advice and pressure to “invest” in wasteful insurance products.
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Transcript
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| 0:00.0 | Hey, everybody. I want you all to take advantage of the incredible interest rates that a |
| 0:05.7 | Lyon Credit Union is currently offering 4.5% for a three-month certificate, 4.75% for a six-month |
| 0:15.2 | certificate. But best of all, in my opinion, is 5% for a one-year certificate of deposit. |
| 0:24.4 | You can also purchase these in a retirement account. So go to my alliance, |
| 0:30.7 | alult.int.com slash ultimate and check it out now. Suzy Orman here and you are listening to the |
| 0:41.6 | Women in Money Podcasts. |
| 0:54.1 | We're the little bit of faith and everything you take, we are strong, we are wise. Together we will rise. |
| 1:13.8 | Welcome to the Women in Money Podcasts as well as the Men's Mart, |
| 1:17.2 | enough to be listening. It's so difficult. It's difficult because there are so many things that I |
| 1:24.4 | want to talk to you about. So I'm going to just start to ramble. I'm going to ramble because |
| 1:32.5 | here's my problem. I don't know when you have tuned in to the Women in Money Podcast. So listen |
| 1:42.0 | to me closely. Are you listening from today on? Did you tune in for just season two? Did you listen |
| 1:51.2 | to any of season one? It's I don't know where you're joining me within this podcast. And what |
| 1:59.6 | concerns me, and I would like actually you all to go back to the very first one and go all the way |
| 2:06.4 | till today's and then in the future so that I know that you're getting everything that you need |
| 2:12.0 | to be getting. But what concerns me is that you've kind of just pop in, you pop out, and you don't |
| 2:20.0 | get the information that you need and therefore you're making mistakes. So then I think, well, |
| 2:24.8 | I already did a podcast on that. Should I repeat it? And the reason that this concerns me is I am getting |
| 2:31.5 | way too many emails from way too many women talking to me about their life insurance policies, |
| 2:44.4 | their whole life insurance policies that they have purchased and why it's such a good deal. |
| 2:53.0 | Not just from one, not just from two, but from tens of women. And when I start getting one email |
| 3:01.9 | from more than 10 women, I start to get concerned that you are making a really big mistake and you |
... |
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